Kazakh President hosts National Bank Governor

Kazakh President hosts National Bank Governor

During a meeting with President Kassym-Jomart Tokayev, National Bank Governor Timur Suleimenov presented the outcomes of work and plans for the coming period, reporting on the economic situation, inflation dynamics, and measures for its stabilization. Suleimenov also touched on the fulfillment of Tokayev’s instructions, including the expansion of financing for the real sector of the economy, implementation of the National Fund for Children program and projects for the development of the National Payment System, as well as the introduction of open banking principles. The Head of State was also briefed on using the potential of the digital tenge to enhance transparency and efficiency of public procurement and budget expenditures. The President set a number of tasks for the main directions of the National Bank’s activities.